Miko International Position Size November 14, 2015

Miko International Position Size November 14, 2015

At the current price HKD0.66, Miko International is trading below its net cash position of HKD0.87 per share.  Given the high amount of cash in our model portfolio 40.9%, we will be increasing our position size as buying cash at a discount to cash is better than cash.  We will increase our position size to 5%.  If the price is still below the company’s net cash position, we will further increase the position size to 7.5%.

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